Dirty FFA West Africa to UK-Cont (Platts) Balmo83047813
ICE Futures Europe
Dirty FFA West Africa to UK-Cont (Platts) Balmo
Description
A balance of the month cash settled freight future based on the Platts daily assessment price for West Africa - UK Continent.
Market Specifications
- Trading Screen Product Name
- Freight Futures (USD) (balmo)
- Trading Screen Hub Name
- West Africa to UK-Continent
- Contract Symbol
- DFZ
- Contract Size
- 1,000 metric tonnes
- Unit of Trading
- Any multiple of 1,000 metric tonnes
- Currency
- US Dollars and cents
- Trading Price Quotation
- One hundredth of one cent ($0.0001) per metric tonne
- Settlement Price Quotation
- One hundredth of one cent ($0.0001) per metric tonne
- Minimum Price Fluctuation
- One hundredth of one cent ($0.0001) per metric tonne
- Last Trading Day
- Second Business Day after the nominal contract date.
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Dirty Tankerwire” under the heading “West of Suez Dirty Tankers”, subheading “Suezmax” and “$/mt” for the West Africa to UK Continent route for each business day (as specified below) in the determination period.
- Contract Series
- Up to 2 consecutive months or as otherwise determined by the Exchange.
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for Platts Dirty Tankerwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Wet Freight
- Physical
- DFZ
- Logical
- DFZ
- GMI (FC)
- ION A.C.N.
- Symbol Code
- DFZ